Jiangxi Huawu Brake Co.,Ltd. announces an Equity Buyback for CNY 100 million worth of its shares.
February 05, 2024 at 04:14 am EST
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Jiangxi Huawu Brake Co.,Ltd. (SZSE:300095) announces a share repurchase program. Under the program, the company will repurchase up to CNY 100 million worth of its A shares. The shares will be repurchased at a price not more than CNY 10 per share. The repurchased shares will be used for ESOP or equity incentives. The authorization will be valid for a period of 12 months.
On June 6, 2024, the company announced that it has adjusted its share repurchase price to CNY 9.90 per share. The adjustment is effective from the same day.
Jiangxi Huawu Brake Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and sales of industrial brakes and related control systems. The Companyâs main products include industrial brakes, hydraulic and electrohydraulic driven devices, brake pads, braking system technical transformation, plumbing pipe parts products and others. The Company distributes its products within domestic market and to overseas markets.